First Federal of Northern Michigan Bancorp, Inc., is a non-diversified unitary savings and loan holding company. First Federal of Northern Michigan Bancorp, Inc. owns First Federal of Northern Michigan (the Bank). First Federal of Northern Michigan is a full-service, community-oriented savings bank, which provides financial services to individuals, families and businesses from eight full-service facilities located in Alpena, Emmet, Iosco, Otsego, Montmorency, Cheboygan and Oscoda Counties, Michigan. First Federal of Northern Michigan�s business consists of accepting deposits from the general public and investing those deposits, together with funds generated from operations and borrowings, in one- to four-family residential mortgage loans, commercial real estate loans, commercial business loans, consumer loans and in investment securities and mortgage-backed securities. In August 2014, First Federal of Northern Michigan Bancorp Inc completed its merger with Alpena Banking Corporation.